Business news

3 Feb 2017

Belarusbank to borrow $100m from China Development BankThe document authorizes OAO ASB Belarusbank to borrow $100 million from the China Development Bank as an external loan with a view to financing routine operation of the Belarusian bank. It is the first untied loan a Belarusian commercial bank will take from a Chinese partner...

Lukashenko: It is premature to introduce private land ownershipThe head of state believes there should be no hurry in this matter. “We are not ready for it. Land can be leased for a long period of time. Anyone is welcome to lease land and work. They say that once land is in private ownership, it cannot be taken away. This is not true: if you violate the law, the land will be taken away. Our legislation envisages the forfeiture of property,” said Alexander Lukashenko...

3 Feb 2017

Lithuania asked not to politicize Belarus’ NPP projectThe President stressed that Belarus is ready to employ Lithuanian specialists who lost their jobs due to the closure of the Ignalina plant. Many people are ready to come and are actually coming to work at the future plant. But the main thing is that Belarus is ready to sell electricity to Lithuania at normal prices...

3 Feb 2017

Lukashenko: Belarus has lost $15bn due to unequal prices on the Belarusian and Russian markets“Due to unequal prices, unequal conditions Belarus has lost $15 billion only because of the prices. The Russian side recognizes the figure and has lent us $5 billion. I am not entirely happy with the fact that they took $15 billion from us with these prices and lent us our money — and only one third of it at that — with an interest rate three times higher than the IMF offers. Is it normal?” wondered Alexander Lukashenko...

Plans to cut down on small business inspections in Belarus“We will toughen the laws with respect to responsibility of managers. Then neither the Emergencies Ministry nor hygienic service will be running around. It will be the head of the company who will be making every effort to make sure that everything goes well. This is the way it should be,” the head of state said...

2 Feb 2017

Belarus presents its export and investment potential in ChisinauAccording to the Belarusian embassy in Moldova, the presentation of Belarus’ export and investment potential for Moldavian businessmen was held as part of the Made in Moldova exhibition. Taking part in the expo was a delegation of Belarusian companies led by Director General of the Gomel Office of the Belarusian Chamber of Commerce and Industry Marina Filonova...